Moody's said the upgrade reflects continuing strong revenue and liquidity trends, completion of a debt-reduction program and increased pension contributions.
Spending on parks, playgrounds, open spaces and other improvements would basically be split, half to the state and half to counties, locals and nonprofits.
New Jersey officials are looking to invest more than $100 million in parks, playgrounds and open spaces across the state. The funding, which would be provided through the state's Green Acres Program, would benefit several parks in South Jersey. The Garden State Preservation Trust has approved the projects.
Spending on parks, playgrounds, open spaces and other improvements would basically be split, half to the state and half to counties, locals and nonprofits.
New Jersey gets another outlook boost from Moody's bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.